I started providing child daycare in 2024 in my own home to supplement my husband’s income as we weren’t making ends meet. We file married filing jointly. I am not licensed and I provide childcare for a few families. I had no idea that this would require me to pay extra taxes. I am in process of filing application for EIN as have been told it really isn’t safe to give out your SS number. Does my tax responsibility go by income from each individual family, or is it a total of all families for the year? Does that even make a difference? I really don’t know how to proceed with entering my info into my turbo tax. I don’t have W-2 for myself and don’t see why I would need it. Right now I feel overwhelmed. The amount from all families for the year would be approximately $7,000. I hope you can understand my question.
